Pearson Ferrier says ..

Property Oracle says ..

This property listing is for a plot of land at Waterfold Lane, Bury, Greater Manchester. The key feature is that it already has outline planning permission for the construction of five detached properties. This is a significant advantage, reducing the time and cost associated with obtaining planning consent. The location is reasonably convenient, being within a reasonable distance of schools and a train station. However, the immediate surroundings, based on the photographs, show a considerable amount of waste and debris on site, which is a significant negative. The price reflects the development potential, which is not immediately apparent in the current condition. Nearby property prices provide some comparative context but not a direct equivalent for a site with planning permission for multiple homes. More detailed analysis of recent sales of comparable land plots with planning permission would be necessary for a complete valuation. The absence of precise details regarding sqft and plot size (beyond the planning drawings) limits a more granular price per sqft calculation. The current condition of the land is poor. This suggests some costs to remove the debris, groundworks etc. will need to be taken into account by the developer.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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